Indian Economy Questions Practice Question and Answer

Q:

Which is one of the factors of subsistence used to measure the Poverty Line in India?

743 0

  • 1
    Equality
    Correct
    Wrong
  • 2
    Education
    Correct
    Wrong
  • 3
    Internet
    Correct
    Wrong
  • 4
    Transportation
    Correct
    Wrong
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Answer : 2. "Education"

Q:

Banks and other financial institutions in India are required to maintain a certain amount of liquid assets like cash, precious metals and other short term securities as a reserve all the time. In Banking World this is known as–

735 0

  • 1
    PLR
    Correct
    Wrong
  • 2
    Fixed Asset
    Correct
    Wrong
  • 3
    SLR
    Correct
    Wrong
  • 4
    CRR
    Correct
    Wrong
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Answer : 4. "CRR "

Q:

__________ is not a loan category in MUDRA Scheme.

735 0

  • 1
    Shishu
    Correct
    Wrong
  • 2
    Kishore
    Correct
    Wrong
  • 3
    Yuva
    Correct
    Wrong
  • 4
    Tarun
    Correct
    Wrong
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Answer : 3. "Yuva"

Q:

Which one of the following taxes is not a direct tax?

719 0

  • 1
    Sales tax
    Correct
    Wrong
  • 2
    Estate duty
    Correct
    Wrong
  • 3
    Gift tax
    Correct
    Wrong
  • 4
    Wealth tax
    Correct
    Wrong
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Answer : 1. "Sales tax "

Q:

National Insurance Awareness Day was observed on which day?

718 0

  • 1
    26 June
    Correct
    Wrong
  • 2
    27 June
    Correct
    Wrong
  • 3
    28 June
    Correct
    Wrong
  • 4
    29 June
    Correct
    Wrong
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Answer : 3. "28 June"

Q:

‘Functional Finance’ is associated with–

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  • 1
    Abba ‘P’ Lerner
    Correct
    Wrong
  • 2
    Adolph Wogner
    Correct
    Wrong
  • 3
    Adam Smith
    Correct
    Wrong
  • 4
    Adams
    Correct
    Wrong
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Answer : 1. "Abba ‘P’ Lerner "

Q:

The basic characteristic of a capitalistic economy is–

697 0

  • 1
    absence of monopoly
    Correct
    Wrong
  • 2
    large-scale production in primary industries
    Correct
    Wrong
  • 3
    full employment
    Correct
    Wrong
  • 4
    the private ownership of the means of production
    Correct
    Wrong
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Answer : 4. "the private ownership of the means of production"

Q:

Which among of the following is not a positive sign for any industry.

686 0

  • 1
    Decrease in profit
    Correct
    Wrong
  • 2
    Labour instability
    Correct
    Wrong
  • 3
    Decrease in market
    Correct
    Wrong
  • 4
    Decrease in demand
    Correct
    Wrong
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Answer : 1. "Decrease in profit "
Explanation :

Explain: -Decrease in profit is not a sudden positive sign.

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